Dec, 31, 2023 — HUDSON RIVER COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in CORINTH, NY with 5 branch locations and about $336.05 million in total assets. Opened 70 years ago in 1954, HUDSON RIVER COMMUNITY CREDIT UNION has about 32,629 members and employs 76 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HUDSON RIVER COMMUNITY CREDIT UNION |
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Address: (Main Office) | 1 3rd St CORINTH, NY 12822-1230 |
Phone: | (518) 886-3400 |
Fax: | |
Website: | https://www.hrccu.org |
Branches: | 5 branch locations |
Members: | 32,629 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68342 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $336,051,394 |
CEO/Manager: | Susan Commanda |
Chairperson: | Charles Pasquarell |
ASSETS: | $ Amount |
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Cash & Equivalents | 19,266,625 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 160,262,979 |
Unsecured Loans | 21,237,986 |
Other Loans | 107,391,679 |
TOTAL LOANS | 289,552,682 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,625,076 |
Land And Building | 7,764,545 |
Other Fixed Assets | 1,190,203 |
NCUSIF Deposit | 2,604,831 |
All Other Assets | 0 |
TOTAL ASSETS | 336,051,394 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 616,699 |
Notes & Interest Payable | 15,686,000 |
Accounts Payable & Other Liabilities | 2,622,814 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 56,713,860 |
Regular shares | 127,432,697 |
All Other Shares & Deposits | 83,543,393 |
TOTAL SHARES & DEPOSITS | 267,689,951 |
TOTAL LIABILITIES | 286,617,781 |
Regular Reserve | 0 |
Other Reserves | 910,587 |
Undivided Earnings | 48,523,026 |
TOTAL EQUITY | 49,433,613 |
TOTAL LIABILITIES, SHARES, & EQUITY | 336,051,394 |
INCOME & EXPENSE | |
Loan Income | 13,223,777 |
Investment Income | 676,598 |
Other Income | 2,622,946 |
Total Employee Compensation & Benefits | 7,410,968 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,470,747 |
Non-operating Income & (Expense) | 174,785 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 594,344 |
Cost of Funds | 2,609,198 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,013,006 |
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» See also Statement of Financial Condition